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East Timor Not in Hurry on Sunrise Gas, Finance Minister Says

dispute with Aust govt over Sunrise gas field royalities in arbitration, Finance Minister Emilia Pires *East Timor’s petroleum fund has grown to about $13 billion *The country has lots of opportunities to invest the fund money in global stocks, including emerging markets *NOTE: East Timor’s allegations that Australia engaged in espionage during 2004 talks on a treaty for the Sunrise natural gas field may lead to further delays for the proposed Sunrise LNG project, Woodside CEO Coleman said May 28.

To contact the reporter on this story: James Paton in Sydney at jpaton4@bloomberg.net

To contact the editor responsible for this story: Keith Gosman at kgosman@bloomberg.net

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